Posts Tagged ‘ U.S. ’
With no U.S. economic data on the calendar, it has been an extremely quiet day in the forex markets. Despite the lackluster move in U.S. equities and the fact that many of the major currency pairs ended the day unchanged, traders remain optimistic. We know that the mood in the financial markets is [ READ MORE ]
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
The stability in the forex on Monday was short-lived as comments by ratings agencies sent investors back into the safety of U.S. dollars. [ READ MORE ]
The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]
The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery. EUR/USD is falling and currently trades at 1.3565. Pending Home Sales, a forward-looking indicator based on contracts signed in January, fell [ READ MORE ]
The U.S. dollar traded higher against all of the major currencies ahead of Friday’s non-farm payrolls report. The strength of the dollar reflects the market’s relief that any increase in job losses in February will be reversed in March. There has been a lot of chatter about how the two snowstorms in the [ READ MORE ]
A recovery is not much of a recovery when there is no job growth and consumer spending. Friday’s labor market report is not expected to provide any encouragement for supporters of the U.S. recovery because job losses could accelerate. The improvements in the labor market have been uneven and we expect this trend [ READ MORE ]
The U.S. dollar is trading sharply higher against the euro and Japanese Yen ahead of Friday’s non-farm payrolls report. [ READ MORE ]
Thanks to the better than expected U.S. non-farm payrolls report, the sun is shining brightly on the financial markets. Equities rose to their highest levels in more than a month while the dollar saw its strongest performance against the Japanese Yen since early December. The improvement in risk appetite helped to drive currency traders [ READ MORE ]
Non-farm payrolls fell by only 36k in February sending the U.S. dollar into the stratosphere. With economists looking for job losses to swell by as much as -150k, the smaller decline turned out to be very positive. [ READ MORE ]
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